For saleTownhouse
$315,000
20225 Prairie Dr
Big Lake MN 55309
2 beds, 2 baths, 1,250 sqft
20225 Prairie Dr is a 2 beds, 2 baths, 1,250 sqft townhouse home for sale at $315,000 in Big Lake MN 55309. At 20% down it rents for an estimated $1,400/mo and returns -$992/mo a month at a 2.9% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $1,400/mo
- Monthly cash flow
- -$992/mo
- Cap rate
- 2.9%
- Cash-on-cash
- -18.9%
- Max offer
- $139,500
Offer ≤ $139,500 (56% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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